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Oe) $8,060.94 Question 2 (1 point) Assume an elderly couple owns a $370,000 home that is free and clear of mortgage debt. A reverse annuity

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Oe) $8,060.94 Question 2 (1 point) Assume an elderly couple owns a $370,000 home that is free and clear of mortgage debt. A reverse annuity mortgage (RAM) lender has agreed to a $300,000 RAM. The loan term is 10 years, the contract is 6.25%, and payments will be made at the end of each month. What portion of the loan balance at the end of year 10 represents interest? a) $39,949.98 Ob) $83,291.65 c) $97,822.51 CD d) $220,101.36 e) $485,050.02 Question 3 (1 point) In a mortgage Inan the horrower always creates two documente la note and a

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